The term caveat emptor means:
a. "seller take care"
b. "empty the cave of deceit"
c. "buyer beware"
d. "truth shall prevail"
C
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Which philosopher wrote The Art of Rhetoric?
a. Plato b. Aristotle c. Homer d. Socrates
Widmer Corp. requires a minimum $10,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly). If the ending cash balance exceeds the minimum, the excess will be applied to repaying any outstanding loan balance. The cash balance on July 1 is $10,400. Cash receipts other than for loans received for July, August, and September are forecasted as $24,000, $32,000, and $40,000, respectively. Payments other than for loan or interest payments for the same period are planned at $28,000, $30,000, and $32,000, respectively at July 1, there are no outstanding loans.Required:Prepare a cash budget for July, August, and September.
What will be an ideal response?
You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 0% back-end load on Class A shares. The same fund charges a 0% front-end load, 1% total annual fees, and a 2% back-end load on Class B shares. What are the total fees in year 1 on a Class A investment of $20,000 with no growth in value?
A. $658 B. $794 C. $885 D. $902
Figure 11-2Figure 11-2 above represents the four approaches to selecting an appropriate price level. Box B includes standard markup and cost-plus so it represents which approach?
A. demand-oriented approach B. competition-oriented approach C. profit-oriented approach D. cost-oriented approach E. results-oriented approach